Extremely Rare Oliver Cowdery Signed Bank of Monroe Note 1836 MORMON

Description

Extremely Rare Oliver Cowdery Signed Bank of Monroe Note 1836 MORMON. Condition is "Used". Shipped with USPS Priority Mail.
Description: EXTREMELY RARE MORMON PAPER CURRENCY - SIGNED OLIVER COWDERY - BANK OF MONROE - NO RESERVE! BANK OF MONROE MICHIGAN ONE DOLLAR NOTE RARE OBSOLETE CURRENCY SIGNED BY OLIVER COWDERY " The Bank of Monroe (Michigan) was incorporated on March 29, 1827, with a capital stock authorized at 0,000 to 0,000 and a corporate existence of 20 years. The bank experienced difficulties, and on July 31, 1830, it landed on the "List of Broken Banks" in the first issue of Bicknell's Counterfeit Detector . The institution was resuscitated and went on to issue many bills in the 1830s, until it ran into more problems in the summer of 1836. Unfavorable notices about the bank were widespread, including in the New York Herald . By early 1837 it was in very serious difficulty... By this time the Bank of Monroe had been seeking buyers, or any help it could get to remain solvent. On January 30, 1837, the Cleveland Gazette reported that J.V. Ayer, of Buffalo, New York, and his associates had "made arrangements for the purchase of its entire stock and charter. The stock is to be enlarged, in accordance with the charter, to 0,000." The announcement was premature. By the second week of February, Oliver Cowdery, a church leader who some years earlier took dictation from Joseph Smith to transcribe the Book of Mormon, was in Monroe, accompanied by Smith. On February 16 the Monroe Times reported: "With much satisfaction we announce to the public that the stock of this institution, having changed hands, is about to be increased to 0,000. Mr. Harleston, having sold his entire interest in the Bank, is succeeded, in his capacity of cashier, by B. J. Hathaway, Esq., a gentleman possessing the character and accomplishments which render him peculiarly qualified for the station so ably and acceptably filled by so worthy a predecessor. At a meeting of the Stockholders and Board of Directors of the Bank of Monroe, held at their Banking House, this day, George B. Harleston, Esq., resigned his situation of Cashier and Director in the Institution, and O. Cowdery, Esq., was appointed a Director and Vice President by the Board for the remainder of the year, and Bailey J. Hathaway, Esq., was appointed Cashier. By order of the Board: B.J. HATHAWAY, Cashier. Monroe, February 10, 1837." Subsequently, Oliver Cowdery signed bills as O. Cowdery, vice president. Such are in demand today as Mormon-related currency and sell for several thousand dollars' each.